MBL Infrastructures, engaged in execution of civil engineering projects with specialization in roads & highways, announced that it has been awarded two ADB funded projects under international competitive bidding.

The first project is for improvement and strengthening of roads under package No. C-4 in district-Almora, worth Rs 2.17 billion.

The second project is for improvement of roads under package No.C-2 in district Udham Singh Nagar worth Rs 1.43 billion.

Shares of the company declined Rs 16.35, or 5.69%, to settle at Rs 271. The total volume of shares traded was 4,624 at the BSE (Wednesday).